Finnair posts first quarter results

Finnair has released its first quarter 2019 results, reporting revenue increase of 5% to €672.9 million compared to €641.1 million the previous year. Available seat kilometres grew by 19.4%, while the load factor for the quarter was down 4.6 points to 78.3%. Comparable operating result was €-16.2 million, compared to €14.6 million in the first quarter 2018. The operating result was €-17.6 million, compared to €16.9 million the previous year.

Unit revenue decreased by 4.9%. Unit revenue at constant currency decreased by 5.3%. Unit cost (CASK) decreased by 0.4%. Unit cost at constant currency excluding fuel decreased by 2.8%.

Net cash flow from operating activities was €148.3 million compared to €108.0 million in the first quarter of 2018.

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